What Bank Does TurboTax Use?

TurboTax, a leading tax preparation software, offers a convenient service called “Pay With My Refund” that allows taxpayers to receive their tax refund quickly and easily. However, many users wonder which bank TurboTax partners with to facilitate these transactions. This article provides a comprehensive analysis of the relevant information to answer the question: “What bank does TurboTax use?”

TurboTax’s Refund Processing Partner

TurboTax has partnered with Santa Barbara Tax Products Group (SBTPG), formerly known as Santa Barbara Bank & Trust (SBBT), to handle the processing of “Pay With My Refund” transactions. SBTPG is a financial institution that specializes in tax refund processing and other financial services.

Refund Processing Details

When a taxpayer chooses the “Pay With My Refund” option in TurboTax, their refund is sent to SBTPG for processing. SBTPG then disburses the refund to the taxpayer’s designated bank account or issues a prepaid debit card, depending on the taxpayer’s preference.

Fees Associated with Pay With My Refund

It’s important to note that SBTPG charges a $40 processing fee for “Pay With My Refund” transactions. This fee is deducted from the taxpayer’s refund before it is disbursed.

Customer Support for Refund Processing

If taxpayers have any questions or issues related to their “Pay With My Refund” transaction, they can contact SBTPG directly for assistance. SBTPG’s customer support team can be reached through their website or by phone.

TurboTax partners with Santa Barbara Tax Products Group (SBTPG) to process “Pay With My Refund” transactions. SBTPG is a reputable financial institution that specializes in tax refund processing. While there is a $40 processing fee associated with this service, it offers taxpayers a convenient and efficient way to receive their tax refund quickly. Taxpayers can contact SBTPG directly for any assistance or inquiries related to their refund processing.

What bank is the TurboTax card?


What is TurboTax bank name?

The Turbo® Visa® Debit Card is provided by Green Dot Corporation and is issued by Green Dot Bank pursuant to a license from Visa U.S.A Inc. Green Dot Corporation is a member service provider for Green Dot Bank, Member FDIC.

What bank does TurboTax use for refund advance?

Refund Advance is a loan provided by First Century Bank, N.A., Member FDIC, not affiliated with MVB Bank, Inc., Member FDIC. Acceptance times vary. You could get money in seconds, most customers receive funds within 4 minutes of acceptance.

Does TurboTax do direct deposit?

When you e-file your tax return with TurboTax and choose direct deposit, you initiate a process designed for efficiency. Within one or two days, the IRS should notify you that your return has been accepted. Assuming all your details match their records, you’ll move straight onto the IRS payment timetable.

Does my bank go to TurboTax?

If your bank was listed on your tax return, it will go to your bank.. The other bank and the TurboTax fees are handled internally. Unfortunately, we are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments to TurboTax cards.

How does TurboTax work?

TurboTax Desktop**: – **TurboTax Online** allows you to prepare and e-file your return from any computer or mobile device with internet access. – **TurboTax Desktop** is installed software

What services does TurboTax offer?

Administrative services may be provided by assistants to the tax expert. On-screen help is available on a desktop, laptop or the TurboTax mobile app. Unlimited access to TurboTax Live tax experts refers to an unlimited quantity of contacts available to each customer, but does not refer to hours of operation or service coverage.

Does TurboTax include support?

TurboTax Help and Support: Access to a TurboTax product specialist is included with TurboTax Deluxe, Premium, TurboTax Live Assisted and TurboTax Live Full Service; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product.

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